Canadian Pacific Railway Limited (TSE:CP) Receives Consensus Rating of “Moderate Buy” from Analysts

Posted by MarketBeat News on Aug 4th, 2022

Shares of Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$99.27.

A number of analysts recently commented on CP shares. Evercore ISI reissued an “outperform” rating and set a C$102.00 price objective on shares of Canadian Pacific Railway in a report on Tuesday, July 12th. CIBC boosted their price objective on shares of Canadian Pacific Railway from C$106.00 to C$110.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. National Bankshares boosted their price objective on shares of Canadian Pacific Railway from C$93.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Friday, July 29th. Bank of America reissued a “hold” rating and set a C$81.00 price objective (down previously from C$85.00) on shares of Canadian Pacific Railway in a report on Friday, April 8th. Finally, Raymond James set a C$100.00 target price on shares of Canadian Pacific Railway and gave the stock a “market perform” rating in a research report on Thursday, April 28th.

Canadian Pacific Railway Stock Down 0.0 %

Shares of TSE:CP opened at C$99.83 on Thursday. The company has a market cap of C$92.83 billion and a price-to-earnings ratio of 25.53. The firm’s 50-day simple moving average is C$92.87 and its 200-day simple moving average is C$93.99. The company has a quick ratio of 0.28, a current ratio of 0.44 and a debt-to-equity ratio of 58.68. Canadian Pacific Railway has a fifty-two week low of C$82.12 and a fifty-two week high of C$105.46.

Canadian Pacific Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, September 29th. Canadian Pacific Railway’s dividend payout ratio (DPR) is 19.44%.

About Canadian Pacific Railway

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Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.